Author Topic: [Witness Proposal] blckchnd  (Read 18791 times)

0 Members and 1 Guest are viewing this topic.

Offline abit

  • Committee member
  • Hero Member
  • *
  • Posts: 4562
    • View Profile
    • Abit's Hive Blog
  • BitShares: abit
  • GitHub: abitmore
Re: [Witness Proposal] blckchnd
« Reply #105 on: November 13, 2020, 06:49:07 am »
Effectively you are doing an ICO capped at 5 BTC per day if the price for each ticket won't change. The total fund to raise is 5*40 = 200 BTC.

Quote
As you can see in this block https://bts.ai/block/53159405 bot-11 account “registered” 1 RUDEX.LOTTERY and got a transaction number TXID of d60c7ce9467043cf81acd5fdb1c5bc851d20faed.
If this value is divided by modulo 5 (number of combinations), then the remainder of the division will be the combination number of this ticket. You can verify the division remainder using, for example, the following service: https://defuse.ca/big-number-calculator.htm
In our case you need to insert the following line into the calculator 0xd60c7ce9467043cf81acd5fdb1c5bc851d20faed  % 5, which is equal to the value of 4, which is a combination for 30 GPH token win.
Just for the info:

It is very simple for a skilled programmer to "mine" (brute force) the TXID and only submit the transaction to the blockchain if 4 is the remainder, with no extra cost.

Guess how many times you need to try to get your desired value if the chance is 20% every time. It is 5 times on average.

IMHO the design is stupid.

Good luck anyway.

« Last Edit: November 13, 2020, 07:04:54 am by abit »
BTS account: abit
BTS committee member: abit
BTS witness: in.abit

Offline blockchained

Re: [Witness Proposal] blckchnd
« Reply #106 on: November 13, 2020, 10:33:16 am »
All further RuDEX announcements will be published in our official channels:

https://steemit.com/@rudex
https://golos.id/@rudex
https://twitter.com/rudex_bitshares
https://t.me/BitSharesDEX_RU


---

Those of you who are following the Bitshares platform certainly know about the recent event, that caused a lot of debate. During the BTS4.0 protocol upgrade, one of the hired core devs (abitmore) added a community unapproved backdoor to the code, which led to the change of the voting rights, and a major change of the consensus procedure. As a result multiple conflicts ensued with a significant portion of chinese community leaving Bitshares.

After thoroughly analysing the consensus changes, that were made without voting or any discussion by community members, we verified that the resulting system is unscalable and doomed to stagnate. As a result our team decided to launch a fork of stable and time tested Bitshares3.0 consensus code using Graphene — the original name of the technology.


---
« Last Edit: May 24, 2021, 12:36:53 pm by blockchained »

Offline Ammar Yousef (ioBanker)

Re: [Witness Proposal] blckchnd
« Reply #107 on: November 13, 2020, 05:37:57 pm »
After abit trojan took place yesterday we've stopped our witness infrastructure for bitshares.

We have a capable team of core and UI devs, so we're preparing a fork of bitshares code base, back to the consensus rules that was before the abit abuse on github.
It will be a new distribution, a new chain, and a new genesis.
 
News will come latter with announcements.

Hello everyone!

Those of you who are following the Bitshares platform certainly know about the recent event, that caused a lot of debate. During the BTS4.0 protocol upgrade, one of the hired core devs (abitmore) added a community unapproved backdoor to the code, which led to the change of the voting rights, and a major change of the consensus procedure. As a result multiple conflicts ensued with a significant portion of chinese community leaving Bitshares.

After thoroughly analysing the consensus changes, that were made without voting or any discussion by community members, we verified that the resulting system is unscalable and doomed to stagnate. As a result our team decided to launch a fork of stable and time tested Bitshares3.0 consensus code using Graphene — the original name of the technology.

Graphene is the industrial grade technology, adapted both for private and company use. For years it was a foundation for the unique ecosystem and market economy. Its open source code and MIT license allow for creation and maintenance of different decentralized blockchain applications with workers system, that allows core token holders to elect which development to support.

To avoid the mistakes that resulted in the current status quo in Bitshares, we’ve reduced the maximum supply of GPH tokens, and decided to hold the initial distribution of Graphene tokens via all win and provably fair lottery.
The lottery would distribute 40 out of 100 million tokens, with further 60 million used in the reserve fund. The distributed tokens will form the genesis block of the Graphene blockchain, and all undistributed tokens from the 40 million will be burned.
Final supply will be formed out of the resulting sum (reserve fund + distributed tokens); 6% of that supply will be vested to the launch team with the following ratio: 1% will become available to the team within the first week of the launch, and the remaining 5% will be vested over the next 10 years.


GPH token has a limited supply, which differs from the liquid circulating supply. 60 million tokens are set aside for financing projects and block producer rewards. These funds will be available to the worker system only from GPH token holders approval. This working budget is known as “reserve pool”.
It is worth mentioning that transaction fees are not distributed among the GPH token holders, but are returned to the worker budget to pay for further development. There is no reward for holding the GPH core token in your wallet.

## About lottery

The lottery starts on the RuDEX platform concurrently with the publication of this announcement and will last for 40 days. Every days only 100,000 lottery tickets will be available, and with the end of the lottery period all undistributed tokens will be burned, with the final supply and genesis block of the new blockchain being formed as the result.

To participate in the lottery, you will have to buy a lotto ticket and register it.

Every registered ticket will allow you to win from 1 to 30 GPH tokens. For ease and transparency the lottery will be held on the Bitshares blockchain.

There are only 5 possible winning combinations with a fixed amount of tokens for each combination, as follows:

0 - 1
1 - 3
2 - 6
3 - 10
4 - 30

The combination number (0-4) will be calculated from the transaction hash on the ticket registration.

To demonstrate how the lottery works we will use RUDEX.LOTTERY token as an example.
As you can see in this block https://bts.ai/block/53159405 bot-11 account “registered” 1 RUDEX.LOTTERY and got a transaction number TXID of d60c7ce9467043cf81acd5fdb1c5bc851d20faed.
If this value is divided by modulo 5 (number of combinations), then the remainder of the division will be the combination number of this ticket. You can verify the division remainder using, for example, the following service: https://defuse.ca/big-number-calculator.htm
In our case you need to insert the following line into the calculator 0xd60c7ce9467043cf81acd5fdb1c5bc851d20faed  % 5, which is equal to the value of 4, which is a combination for 30 GPH token win.

It is possible to register any number of tickets concurrently, which results in cycles of combinations (0-4) are counted from the division reminder value of the transaction hash until all tickets are given the result.

For your ease and convenience the lottery page display the transaction hashes and results for all of your registered tickets. Every lottery result is available for a public review.

So if you are as tired of the unfair games and underhanded intrigues as we are, we are inviting you to start anew and open the Graphene technology in its original balanced and transparent nature

https://market.rudex.org/#/lottery

Your opinion about BitShares isn't credited; I don't see your initial distribution making any sense, I suggest you do some MLM schemes like selling replica watches for your GPH so it might have value.
Be part of the change and set bitshares-vision as your proxy!
Committee account: iobanker-core
Ammar Yousef - CEO @ ioBanker OÜ

Offline blockchained

Re: [Witness Proposal] blckchnd
« Reply #108 on: November 13, 2020, 07:13:21 pm »
All further RuDEX announcements will be published in our official channels:

https://steemit.com/@rudex
https://golos.id/@rudex
https://twitter.com/rudex_bitshares
https://t.me/BitSharesDEX_RU


---

Those of you who are following the Bitshares platform certainly know about the recent event, that caused a lot of debate. During the BTS4.0 protocol upgrade, one of the hired core devs (abitmore) added a community unapproved backdoor to the code, which led to the change of the voting rights, and a major change of the consensus procedure. As a result multiple conflicts ensued with a significant portion of chinese community leaving Bitshares.

After thoroughly analysing the consensus changes, that were made without voting or any discussion by community members, we verified that the resulting system is unscalable and doomed to stagnate. As a result our team decided to launch a fork of stable and time tested Bitshares3.0 consensus code using Graphene — the original name of the technology.

---

UPD:

Good news, everyone!

The time has come! As we have repeatedly declared in our public chats and on the forum, RuDEX is migrating from Bitshares blockchain to Graphene (https://gph.ai/)

Migration is planned starting from 12:00 MSK 24.05.2021 (Mon) to 12:00 MSK 27.05.2021 (Thu). Please note that it will take THREE FULL DAYS! During this time all RuDEX gateways will be disabled for deposit/withdrawal, as well as transfer will be disabled for all RuDEX assets on Bitshares.

Such duration is due to the necessity to scan Bitshares blockchain to gather required data to swap RuDEX UIA assets from Bitshares blockchain to RuDEX UIA assets on Graphene blockchain.

After migration the deposits/withdrawals will be restored in full but using Graphene blockchain.

Most public services provided by RuDEX for Bitshares blockchain will be disabled, and there are no plans to enable them in the future.

Assets on RuDEX accounts are eligible for swap if their amount is equal or greater than the minimum amount for gateway withdrawal, information about the minimum limits is available at audit page.

P.S. To access Bitshares using our platform we will keep old.rudex.org domain, you will be able to use it to access your tokens on Bitshares platform that are not issued by RuDEX. We would like to note that this DNS address will work only as an access point and registration faucet, all other services for Bitshares blockchain will be disabled.

Thank you for your time, and we’ll see you on the other side!
Team RuDEX
« Last Edit: May 23, 2021, 11:42:47 am by blockchained »